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    Manufacturers/End Users

    November 8, 2024

    Dodge Momentum moves down again

    Written by David Schollaert

    Slowing growth in data center planning and nonresidential projects caused the Dodge Momentum Index (DMI) to pull back in October. The index has declined for two consecutive months, after five months of growth following a two-year low in March.

    Dodge Construction Network (DCN) reported a DMI of 197.2 in October, a 5% drop from 208.2 the month before. Institutional planning declined 2%, while commercial planning contracted 7%.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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